Election Outcome to Impact Indian Equities: Expert Insights
Brokerage PhillipCapital predicts a sharp rally in equities if the BJP wins 325+ seats
Indian EquitiesElection OutcomeBjpNdaPhillipcapitalBrokerageInvestment AdviceCyclicalsConsumer SpaceSectorsReal EstateMetalsCementEnergyFinancialsReal EstateMay 29, 2024
The brokerage advises investors to buy equities on steep correction, assuming a stable alliance for the next five years under the leadership of Modi. PhillipCapital remains positive on sectors like automation, EVs, defence, railways, logistics, ports, roads, real estate, metals, cement, energy, and financials. The brokerage favors cyclicals over consumer space from a long-term and structural perspective.
Among its top picks, PhillipCapital recommends SBI, BOB, Canara Bk, PFC, REC, Shriram Finance, Muthoot Finance, UltraTech, Siemens, Hero MotoCorp, TVS Motor, Divi's Labs, Syngene, APL Apollo, Jindal SAW, IGL, Aarti Industries, Vinati Organics, Praj, Gokaldas Export (NR), and SP Apparel (NR) from a one-year perspective. For a 2-3 year perspective, the brokerage suggests HDFC Bank, ICICI Bank, SBI, Kotak Bank, Bajaj Finance, Sundaram Finance (NR), MAS Financial (NR), Infosys, HCL Tech, Persistent, KPIT Tech, Rategain, Reliance (NR), GAIL, Ambuja Cements, JK Cement, L&T, Bharti (NR), Sun Pharma, Divi's Labs, Syngene, Coal India (NR), JSW Steel, Jindal Stainless, Maruti, Bharat Forge, Ashok Leyland, Concor, NCC, PNC Infra, Gateway Distriparks, SRF, Aarti Industries, Navin Flourine, PI Industries, Coromandel, Dhanuka Agritech.
The brokerage notes that the voter turnout is not a significant concern, as the average voter turnout based on the simple average of turnout data released till phase 6 is lower at 65.5% vs 67.4% in the 2019 elections. However, for the same constituencies where voting is completed, based on the absolute voter turnout provided till phase 5, voter turnout is only marginally lower at 66.4% vs. 67.8% in 2019.
PhillipCapital is a leading brokerage firm that provides investment advice and research services to its clients. The firm's experts have a deep understanding of the Indian equities market and provide valuable insights to investors.
PhillipCapital is a well-established brokerage firm with a strong track record of providing accurate and timely investment advice to its clients. The firm's research team consists of experienced analysts who have a deep understanding of various sectors and industries.
Frequently Asked Questions
What is the predicted impact of the election outcome on Indian equities? A: A sharp rally in equities if the BJP wins 325+ seats and a sell-off in a bearish scenario Q: Which sectors is PhillipCapital positive on? A: Sectors like automation EVs defence railways logistics ports roads real estate metals cement energy and financials Q: What is the brokerage's advice to investors? A: Buy equities on steep correction assuming a stable alliance for the next five years under the leadership of Modi Q: What is the significance of voter turnout in this election? A: The voter turnout is not a significant concern as the average voter turnout is lower at 65 5% vs 67 4% in the 2019 elections Q: Who are the top picks of PhillipCapital from a one-year perspective? A: SBI BOB Canara Bk PFC REC Shriram Finance Muthoot Finance UltraTech Siemens Hero MotoCorp TVS Motor Divi's Labs Syngene APL Apollo Jindal SAW IGL Aarti Industries Vinati Organics Praj Gokaldas Export (NR) and SP Apparel (NR)
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